Single Premium


Also found in: Acronyms.

Single Premium

A lump sum used to purchase an annuity, insurance policy, or similar instrument. A single premium is expensive, but it causes less strain on one's monthly budget as it does not require one to make recurring payments. See also: Single Premium Immediate Annuity, Single Premium Deferred Annuity.
References in periodicals archive ?
Major banks have all said they will stop selling single premium insurance for personal loans by the end of January.
Mr Burgess says that while several high street providers have ditched single premium policies, online providers have not.
Single premium life is not a traditional life insurance policy.
2million, single premium policies EUR422million, Ansbacher EUR68.
Sales of single premium investment bonds also topped pounds 1bn after a gain of 23% to pounds 386m in the final quarter.
The FSA has directed that new and existing single premium PPI policies can no longer rely on a "nil refund" clause to reject claims.
VARIABLE LIFE INSURANCE SALES with single premiums included at 10% for the 40 companies reporting in the VALUE survey for the 4th quarter of 2006 were $660 million, a 16.
Single premium investment business showed very strong growth and was up 46 per cent to E330.
Contract award: quotation for a single premium for insurance live guaranteed.
AVIVA LIFE & ANNUITY COMPANY Product name: Multi Choice Indexed Single Premium Life 800-367-3669 / www.

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